The business activity index of the Absa PMI survey crashed to an all-time low of a mere 5.1 index points in April. The decline means that manufacturing output came to a near standstill during the nationwide lockdown, with almost all respondents reporting a decline in activity compared to the previous month. Indeed, many respondents indicated that zero production took place during the lockdown.
We want to assure our customers at Absa that we understand the impact the COVID-19 may have on your financial position, and we want to offer a payment relief during this period.
This morning (12 March 2020) Absa became aware of a contractor from Spain, who has been on our premises since Tuesday, 10 March 2020, who reported to our health clinic at Absa Towers West in Johannesburg, complaining of flu-like symptoms. Based on his condition, our medical team immediately assisted him to undergo the necessary testing procedures for COVID-19 in line with national guidelines, and recommended immediate self-quarantine.